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The
2008 Competition
This
year's Global Security
Challenge will start in spring 2008. We aim to publish the specific
entry criteria, submission forms and awards in early spring. If you
want to receive an email with the application form in the spring of
2008, send us an email with your information to: [email protected]
A Look Back
to The
2007 Awards
The purpose of this
annual competition is to help young startups
succeed in the security field. Take advantage of this unique
opportunity to get your ideas in front of investors, media, and
government and industry leaders.
The winners of the
this year's Challenge
will receive:
- $500,000 grant
(cash-grant to be used to further develop the company)
- Mentorship by Paladin
Capital Group, CapVista
and Siemens
Venture Capital
- Unparalleled
networking opportunity and press coverage by our Media Partners
Target
Technologies
We seek to uncover the creative capabilities of innovators in
universities and infant companies that apply to public security needs.
This includes software or hardware solutions that
help (a) protect people, critical infrastructure, facilities and
data/electronic systems against terrorist or other criminal attacks and
natural disasters or (b) help governments, businesses and communities
defend against, cope with or recover from such incidents.
Examples of our areas of interest are biometrics, detection sensors,
network security, data storage, biotechnologies, and search
software.
Entry Criteria
- Venture must offer a technology product that can be
used to prevent, defend against, cope with or recover from terrorist
incidents,
other criminal acts, natural disasters, including identifying or
locating
perpetrators of these acts.
- Venture cannot have more than $5
million USD in annual
revenues. (No requirement to have revenues at all) in 2006.
- Entrants may be either individuals or
firms/companies.
- Venture must have a product/prototype at
demonstration
phase, unique or differentiated technology.
- Venture must hold the intellectual
property
or exclusive license supporting the product (patents, patent
application, development grants
from
research or government institutions etc.)
Judging Criteria
- Political,
legal,
ethical compliance and sensitivity
- Functionality,
importance, and beneficial impact on security
- Technical
feasibility and workability
- Strength and
robustness of business case, financial viability, likely
profit and return on investment, after accounting for risk
- Market and industry
quality (demand profile, competitors, etc.)
- Quality of business
plan and strategy, and sustainability of competitive advantage
- Credibility,
experience and skill set of management team
- Professionalism and
quality of presentation at the executive summary, business plan and
final pitch stages
How to Enter
– Deadlines and Processes
Round 1: Executive Summaries
Eligible entrants
should submit
executive summaries no later than July
15th 2007 (extended deadline). To enter the competition,
you have to fill out
the <<GSC
2007 Entry Form>> and email it to:
[email protected]
If you experience problems submitting to the email
address above, you can also email it to: [email protected]
Round 2: Business Plans - Semi
Finals
The GSC Judging Committee will review and select the best executive
summaries from
among the entries received in Round 1.
The selected semi-finalists will submit full Business Plans
for evaluation and present at one of the three regional
Semi-Finals in the USA, Germany or Singapore.
The deadline for
submission of Business Plans will be
notified to those who make it through Round 1, nearer to the time.
Grand Final in London
Business Plans submitted in Round 2 will be evaluated by our
Judging Committee at the regional Semi-Finals, and five finalists will
be chosen.
The finalists will present their businesses to a panel
of judges consisting of advisors from the government, venture capital,
security, and/or technology sectors. Financial subsidies are
available for
the finalists' travel to London.
The Grand Final will
be held on November 8th
2007 at the Hotel Russell in London.
Questions
& Contact
If you have any queries about the entry process, please email us
at:
[email protected]
Guidelines
For guidelines how to write
Executive Summaries and Business Plans,
please refer to the links below:
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